JSW Energy plans to increase its capex over the next six years as it spearheads capacity additions. The company plans to advance its capex to Rs 1.15 trillion to achieve 20 GW by 2030 and 40 GWh under Strategy 2.0. 

The plan is to spend approx. Rs 15,000 crore in the current financial year. The company had increased its capex from Rs 85,000 crore to Rs 1.12 trillion previously.

Led by high power demand, pipeline of under-development capacity and capital structure, the company is well-positioned to accelerate the 2030 targets by a few years. The company is pursuing the goal for a 50 percent reduction in carbon footprint by 2030, and achieving carbon neutrality by 2050.

Further on, the company is on track to commission ongoing projects in power generation, battery storage and green hydrogen production. The capital secured through the recently completed QIP strategically will also fuel its growth plans.

The company recently raised Rs 5,000 crore to fund its plans in the renewable space. Additionally, it is also scouting for acquisition opportunities in the power sector.